Subject: SR-OCC-2024-001
From: Kevin Minor
Affiliation:

Feb. 5, 2024

It is my belief that changing the rules now is a horrible idea. It seems all the bank failures and hedge fund implosions of 2023 had one thing in common. Poor risk management. If someone is at risk of being margin called because of poor risk management how is it logical to let them increase their over leveraged risky positions with decreased margin requirements. This rule is opening the door for increased systemic risk and does not help individual investors.